Why the U.S. is a major roadblock for oil output freeze
The price of oil has been caught in one of its most volatile couple of weeks in months after OPEC and rival Russia hinted they may discuss a possible output Continue Reading
Libya resuming oil exports from some major ports
Libya is resuming oil exports from some of its main ports which forces loyal to eastern commander Khalifa Haftar seized in recent days and has lifted related “force majeuere” contractual Continue Reading
Exclusive: Tankers seized in Yemen port, risking deeper import crisis
Authorities in a port controlled by Yemen’s Houthi movement have seized two oil tankers from international traders in a payment dispute, according to the ships’ owners, an incident which could Continue Reading
Why Russia And China Are Intent On Salvaging Syria’s Economy
An economy in ruins More than five years of armed conflict has had a catastrophic impact on the Syrian economy. National GDP has plummeted to less than 50 percent of Continue Reading
Billions in IMF loans hinge on better 2017 budget, auditors
The International Monetary Fund is broadly happy with Iraq’s efforts at meeting requirements of a $5.3 billion loan, including its improved performance on IOC payments, but has asked for a Continue Reading
Russia’s Gazprom expects agreement on Turkish Stream pipeline in October
Gazprom Deputy CEO Alexander Medvedev speaks during an interview at the Reuters Russia Investment Summit in Moscow, Russia, September 15, 2016. Russia’s Gazprom expects Russia and Turkey to sign an Continue Reading
In a hungry Venezuela, buying too much food can get you arrested
The hunt for food started at 4 a.m., when Alexis Camascaro woke up to get in line outside the supermarket. By the time he arrived, there were already 100 people Continue Reading
Big Oil Flocks To Argentina As Permian Land Prices Skyrocket
The Permian Basin has become so hot that some oil companies are starting to stay away, instead looking at frontiers that are less picked over. BP is one such company. Continue Reading
Record Oil Demand Buffers One Corner of Shipping
Indian carriers are benefiting from surging oil imports Most of the South Asian nation’s fleet comprises tankers As the shipping industry grapples with a prolonged slump in demand, carriers in Continue Reading
India’s new motorcycle owners drive gasoline boom: Kemp
India’s gasoline consumption is growing rapidly as millions of additional households buy motor cars and especially motorcycles as a status symbol amid growing prosperity. Gasoline consumption averaged 550,000 barrels per Continue Reading